Rising Healthcare Awareness Among Consumers is Driving Pea Protein Market Demand

Overview

Pea Protein Market size was evaluated at 11.6 kilo tons for 2015 with demand forecast of more than 33 kilo tons by end of 2023 and CAGR predicted to be around 13.6% during forecast timeframe. Growing healthcare consciousness is predicted to enhance the industry size during forecast period. Other advantages of pea protein consumption are substantial iron contents, allergen friendliness and branched amino acids.

Europe pea protein market size by application, 2012 - 2023 (Tons)

Pea proteins are easily digestible and allergies to protein constituents are rarely observed among the consumers. Positive pea protein market price trend and price efficacy over its equivalents are few of the factors predicted to fuel industry expansion in future.

Less adoption of protein sources except soy is predicted to inhibit industry expansion. Low degree of versatility of these protein constituents can also hinder the demand of the industry.

Read full market research report “Pea Protein Market Size By Product (Concentrate, Isolate, Textured), By Application (Nutraceuticals, Meat substitutes, Sports Supplements), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023”, please click on the link below:

https://www.gminsights.com/industry-analysis/pea-protein-market

Product Insights

Pea protein products are segmented into pea protein isolates, textured pea proteins and pea protein concentrates depending upon protein proportion.

Pea protein isolates segment contributed greater than 40% of the total industry share for 2015 and is predicted to dominate the product segment. It is predicted to register CAGR of 13.9% and exceed 14.6 kilo tons size by end of forecast period. Increasing use of these products is observed in food & beverage sector owing to its emulsifying features and non allergy characteristics.

Textured pea protein segment has experienced rising acceptance in food supplements and beverages due to high fiber content. It is predicted to produce revenue of more than $35 million by end of forecast timeframe.

Application Insights

The key applications of the pea proteins include meat substitutes, food supplements, food & beverages and sports supplements.

Pea protein market share for meat substitute application was more than 34.5% in 2015. The factor contributing to the growth of the segment was increasing preference for protein rich food among the consumers leading to more consumption of meat substitutes.

Global size in sport supplements application is predicted to register CAGR of 13.7% during forecast timeframe. Products like ready to drink beverages, nutrition bars and snacks containing pea protein constituents are few factors predicted to contribute towards the segment growth. These constituents consist of glutamine and lysine which help to preserve nitrogen proportions during workouts. Further, it also consist arginine that helps maintain health of heart and act as a stimulant for metabolism of heart muscles.

Regional Insights

APAC is predicted to register highest growth of 16.91% during forecast timeframe. Key drivers include growing vegetarian population, use of innovative extraction methods and increasing research & development activities taken by many firms based in the region.

U.S. pea protein market share is predicted to grow owing to demand for sustainable and healthy products having good taste and pleasant texture. Introduction of gluten-free products consisting pea proteins as their key constituents supports industry growth in the region. North American region is predicted to contribute more than 30% to the total revenue share of the global pea protein market in future.

Competitive Insights

Key industry players profiled in the report include Fenchem, Martin & Pleasance, Scoular Company, Cosucra Groupe Warcoing, Nutri-Pea Limited, Shandong Jianyuan Foods Company Limited, Burcon Nutrascience Corporation, Roquette Freres, Sotexpro, Yantai Oriental Protein Tech Company Limited and Prinononeoldings LLC.

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Information Source: Global Market Insights, Inc

Rising Awareness About Employee Health & Safety Drives Personal Protective Equipment (PPE) Market Growth

Industry Overview

Global Personal Protective Equipment (PPE) Market size is predicted to touch $67.66 billion by end of 2023 and register a CAGR of 7.3% during forecast timeframe. Growing consciousness about employee safety & health along with high accident rate owing to unavailability of protective gear is predicted to promote personal protective equipment (PPE) industry growth during forecast timeframe.

OSHA (Occupational Safety and Health Administration) security guidelines across U.S. and Europe will fuel the industry growth. Technological breakthroughs, highlighted on low priced and durable materials, is predicted to play a vital role to assure a stable personal protective equipment(PPE) market price trend and continue industry penetration.

India Personal Protective Equipment (PPE) market size, by product, 2015

Healthy economic and infrastructure indicators in countries like India and China are predicted to drive the industry growth in future. Government investments in infrastructure projects in India amounted to $155 billion for 2014 and this gives an implication about the kind of business opportunities existing in these regions for PPE suppliers & distributors.

Industrial production in China expanded by 7.7% in 2014 with more growth recorded in automotive sector, mining industry, chemical fibre industry, industrial machinery segment, gas distribution sector, metal fabrication industry and electrical equipment segment.

Read full market research report “Personal Protective Equipment (PPE) Market Size By Product (Head, Hearing Protection, Hand Protection, Protective Clothing, Eye & Face Protection, Protective Footwear, Respiratory Protection, Fall Protection), By Application (Construction, Oil & Gas, Manufacturing, Chemicals, Pharmaceuticals, Food, Transportation), Industry Analysis Report, Regional Outlook (U.S., Germany, UK, France, Russia, China, India, Japan, Brazil), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023”, please click on the link below:

https://www.gminsights.com/industry-analysis/personal-protective-equipment-PPE-market

Product Overview

Industry is segmented into various kinds of products like hand protection, fall protection, industrial protective clothing, protective footwear and others.

Hand protection segment size was valued at $8.7 billion for 2015 and predicted to record more than $14.9 billion of revenue by end of forecast timeframe. Chemical industry, food industry, production sector, pharmaceutical sector and construction sector are key industries contributing major share in demand & growth of this segment.

Fall protection segment is predicted to register CAGR of 7.9% by 2023. Oil & gas industry, power & energy sector and defence sector are the key applications of this segment.

Industrial protective clothing segment size is predicted to surpass $15 billion by end of forecast period. Strong regulations towards reducing injury & fatality from fire, nuclear or chemical risks are predicted to play a significant part in segment growth. It is projected to register more than 18% revenue by end of forecast timeframe.

Other products include hearing, head, respiratory protection and face.

Application Overview

Manufacturing applications contributed to about more than 20% of industry revenue for 2015 and is predicted to contribute substantial portion to personal protective equipment market share.

Transportation applications are predicted to offer significant industry growth avenues and contributed about $5 billion revenue for 2015. Construction application is yet another highly expanding application segment with CAGR prediction of about 7.5% by end of 2023. Overhead expenses related to workplace casualties are predicted to enhance the product penetration in the segment in coming years.

Oil & gas application was evaluated at more than $6 million for 2015 in terms of size and is predicted to surpass revenue of $11 billion by end of 2023.

Pharmaceuticals, chemical processing and food technology are few of the other key areas of applications.

Regional Overview

U.S. personal protective equipment (PPE) market size was projected to be more than $ 12 billion for 2015 and is predicted to expand strongly during forecast period. Growing occupational fatality rate along with increasing requirement for highly robust involuntary wear resistant & utility protective gears across main industries are predicted to drive the industry growth in the region.

Europe is predicted to witness sluggish industry growth in future due to weak economic drivers and slow production index across European Union.

APAC personal protective equipment (PPE) market is predicted to surpass revenue of $13 billion by end of forecast period. Countries like China and India are predicted to contribute to the industry growth of the region.

MEA and Latin America personal protective equipment industry size is predicted to expand more than 7% during the forecast timeframe.

Competitive Trend

Key industry players profiled in the report include MSA Company, 3M Company, Cigweld, Radians, Uvex Safety Group, JAL Group Italia Srl, DuPont, Honeywell, Ansell Limited, Oftenrich Holdings Company Limited, Alpha Pro Tech Limited, Avon Rubber p.l.c, COFRA Srl, Rock Fall Limited, BartelsRiegerAtemschutztechnik GmbH & Co. KG, Mallcom, Polison and Gateway Safety Incorporation.

Honeywell was the global industry leader for 2015 contributing about more than 27% of the industry share.

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Information Source: Global Market Insights, Inc

The growth of the point of sale terminals market is promoted by extensive use of wireless communication technology and heavy demand from retail & healthcare sectors

The volume of the global point of sale terminals market was more than 43000 million US dollars during year 2015. It is predicted to cross 100000 million US dollars by the end of year 2023. The global industry is expected to register a CAGR of more than 18% during the estimated span.

The global point of sale terminals market has experienced a substantial turnaround due to significant expansion of point of car terminal services and different technical modernizations taking place at rapid speed. Increasing demand for integrated point of sales, contactless methods of payments and creation of NFC equipments in industrial ecosystem are few of the aspects predicted to stimulate the growth of the global industry. Growing investment in line bursting technology is predicted to play an important part in enhancing the demand & growth of the global industry.

Widespread use of wireless technology for communication purpose and heavy demand of point of sale terminals across different areas of applications are the key factors driving the growth of the global point of sale terminals market.

But the requirement for widespread government certifications and rules along with data safety concerns is predicted to hinder the growth of the global point of sale terminals market. Further, the non conformance to PCI data security standards enhances the chance of card information violations leading to fiscal as well as non fiscal impacts that includes reputation loss of representatives & loss of consumer faith.

Based on the product type, the global point of sale terminals market is divided into wireless & mobile point of sale terminals and fixed point of sale terminals.

The fixed terminals section led the global point of sale terminals market during year 2015. This section had also dominated the global industry in year 2013 in revenue terms. The main reason for the growth of the section is its quick acceptance of advanced market technology.

The wireless & mobile point of sale terminals section has substantially grown since these systems provide few natural benefits like low initial installation cost, mobility and user friendly feature. Further, the demand for mobile point of care terminals is very high among small & medium scale enterprises due to less initial set up costs. Also the utilization of smart phones and tablets has substantially grown in offices contributing to the demand and growth of the section. All these factors are projected to add towards the demand and growth of the section in future.

In addition to this, factors like growing credit card payments, rapidly changing customer choices and advanced data analytics are predicted to add to demand of mobile point of sale terminals. Increased security, paper free receipt services, minimized consumer time in line and free floor space are few of the factors predicted to stimulate the demand and growth of the mobile point of sale terminals.

Wireless & mobile applications can develop new revenue producing channels. Thus, dealers are accepting many marketing channels to power their techniques to compete in the industry. Further, the introduction of cost effective wireless communication technologies in the market has resulted in enhanced acceptance of these wireless & mobile systems. This has enhanced the demand and growth of the point of sale terminals market all across the globe.

Depending upon the component, the global point of sale terminals market is bifurcated into software and hardware.

Hardware section includes payment terminal, workstation and accessories.

Payment terminal includes smart phones and tablets paired with debit or credit card readers. While accessories includes monitors, receipt printers, bar code scanners, wireless bar code scanners, PIN pad, cash drawers ,physical inventory scanners and tag printers.

Software section is predicted to expand rapidly during the estimated span. The expansion is credited to modernization in cloud computing technology leading to enhanced use of SaaS platform based point of sale systems. The growth of the section can also be attributed to the fact that software combines functions of barcode scanners as well as screen terminals across the point of sale systems and then offers data backup.

Based on the application, the global point of sale terminals market is segmented into retail, restaurant, hospitality, super market, entertainment, healthcare, warehouse and others.

Others section includes transportation, field service and government.

Retail section was the biggest application section during year 2013. Different kinds of modernizations in the point of sale terminal systems used today in retail section like acceptance of real time analytics is contributing towards the expansion of the global point of sale terminals market.

Acceptance of point of sale terminal systems in healthcare section and their growing utilization in warehouse section is predicted to stimulate the future growth of the global point of sale terminals market.

Healthcare section has displayed substantial increase in demand for point of sale terminals due to rise in infrastructural growth & healthcare spending. Thus the global point of sale terminals market has recognized profitable prospects in healthcare section. The healthcare section is predicted to register rapid growth in future.

Rising need for modern analytics in warehouse section is predicted to contribute towards the growth of the global point of sale terminals market.

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Depending upon the geographical location, the global point of sale terminals market is segmented into APAC zone, North American subcontinent, European continent and region of the rest of the world.

During year 2013, the North American subcontinent led the global point of sale terminals market in
terms of revenue. It also dominated the market during year 2015 in terms of revenue. The reasons behind the growth of the market includes substantial demand for point of sale terminals from hospitality & retail sections as well as quick execution of modern technology in the regions of North America. Further, constant demand for point of sale services across nations like USA and Canada is predicted to promote the growth of quick service restaurants, retail shops and entertainment industry leading to the growth of the point of sale terminals market in the subcontinent.

The European continent, compliance needs like Visa, EuroPay and Master card rules are promoting the growth of the point of sale terminals market in the region as these rules have enhanced safety payments. Nations like UK, Germany and France are witnessing substantial growth in the healthcare section owing to large scale investments in technology upgrading healthcare services in these nations and thus adding to the market growth in these regions.

APAC zone is predicted to be rapidly growing zone due to growing hospitality & retail sections in India and China. The growing consumer base across emerging economies of APAC zone due to growth of small scale, middle scale & large scale firms and minimization of total ownership cost in these economies are the factors predicted to favourably affect the point of sale terminals market in APAC zone. Further demand from nations like Hong Kong, Japan, Australia, China and India is predicted to promote the growth of the market in the APAC zone. The low levels of penetration and large population in the countries of APAC zone is predicted to drive the demand & growth of the market during estimated span.

Growing demand for mobile point of sale terminals from small & middle sized firms is predicted to stimulate the demand & growth of the point of sale terminals market in region of the rest of the world.

Strategic mergers and acquisitions is a key business strategy adopted by the key market participants to increase their market share and ROI.

Key market participants involved in the point of sale terminals business and promoting the growth of global point of sale terminals market are as follows:

·     
  Ingenico S.A

·         Squirrel Systems

·         Cisco Systems

·         PAX Technology Limited

·         Panasonic Corporation

·         HP Company

·         Verifone Systems Incorporation

·         Toshiba Corporation

·         MICROS Systems Incorporation

·         NCR Corporation

·         SKU Logistics

·         Wincor Nixdorf

·         Samsung Electronics Company Limited

·         Raymark Xpert Business Systems Incorporation

·         Bunzl PLC

Summary of this report: https://www.gminsights.com/industry-analysis/point-of-sale-pos-terminals-market

Information Source: Global Market Insights, Inc.